Financial Literacy is Detachment

Flashy cars, big houses, top of the line phone models, signature shoes and gears, these things are what usually capture the attention of those who get hooked and schemed by shady types of investments. And there are lots of them. Warnings are provided by the government authorities but many are still falling victims to them. Ignorance is one reason that it happens. But there are many who are supposedly smart people but still get caught on this trap not because they are not aware of the possibility of being scammed but due to a great attraction of a possible quick chance of a home run. Greed got into them and it is a far more dangerous black hole that pulls people strongly into the depths of poverty compared to ignorance.

It is also one thing that scares people away from legitimate investments. And many of those who got victimized couldn't move on and thought that everything else are the same. Whenever they hear someone talking about money and finances, they move away. Though it's really so easy to know whose professing real financial literacy from who's not.

If someone's teaching against materialism, showing you the way to detachment from worldly riches and becoming good stewards of what you have, then that is FINANCIAL LITERACY. It is really that simple. And that's also the only solution to work on your financial woes. The more you crave for more money without the correct mindset, the more financial problems you'll have. The more you detach yourself from material things, the more content and happy you'll become.